Corporate Partners
Strong, long-term relationships form the basis for continued innovation and commercial success.
BT's open approach to innovation means working with the best minds and the smartest ideas wherever they are in the world to deliver sustainable value for our customers and shareholders. One way to accelerate open innovation is by spinning out companies that can deliver new products and services back into BT as well as into the wider marketplace.
Matt Bross
BT Group Chief Technology Officer
New Venture Partners is leading in connecting Corporate R&D to the VC world. With their venturing approach tuned to Corporate R&D and their support we found added value in many of our technology opportunities, especially in evaluating markets outside the current scope of the Philips business. As a partner helping us to generate those additional opportunities, New Venture Partners plays a key role in the creation of an Open Innovation environment for Philips.
Rick Harwig
CTO, Royal Philips Electronics
NVP At A Glance
BT + New Venture Partners Innovation Showcase Event
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New Venture Partners has established close working relationships with a growing number of major technology corporations to find, form and fund spin-outs. Among our more than 50 spin-outs are ventures from Lucent, Agere, Boeing, Intel, Telstra, and Avago.
New Venture Partners proudly maintains deep relationships with British Telecom (BT) and Royal Philips Electronics (Philips) to identify, incubate and launch ventures based on the technology and research generated in their extensive R&D networks.
Since its formation in March 2003, The New Ventures Partners/BT partnership has yielded many ventures to date, including several successful exits and continuing collaboration on new venture development. New Venture Partners has a dedicated office on site at BT’s R&D campus in Martlesham, England. New venture creation is a key part of BT’s technology strategy. BT benefits as both an owner of spin-out companies and as a customer or channel for the technologies they develop.
In keeping with its progressive history and openness to new ideas, in October 2004 Philips formed a partnership with New Venture Partners to realize value from innovations generated by Philips' central R&D labs, located in the Netherlands, England, Germany, China, and the United States. The close collaboration has yielded new ventures across a broad range of new technologies and markets, including novel display technology and semiconductor devices.